Hong Kong Markets Authority Opens Its Tokenization Sandbox and Major Institutions Dive In
HSBC bank completed three proof of concepts in Hong Kong’s Ensemble sandbox.
Regulations
Telegram Under Scrutiny in India, But Ban not Imminent: Reports
Telegram, perhaps the most prominent messaging service used by the cryptocurrency ecosystem, is under scrutiny in India but not in immediate danger of a ban, multiple reports have indicated. Indian authorities have asked the investigators for an update on the investigation after Telegram CEO Pavel Durov was arrested in France.
Jailed Binance Exec’s Nigeria Case to Be Heard a Month Early
The trial was expected to resume on Oct. 11 but is now set to resume next week after defence lawyers requested that the case be heard sooner.
U.S. SEC Settles with Abra Over Unregistered Sales of Securities
Abra has agreed to a settlement with the U.S. Securities and Exchange Commission over accusations the platform, owned by Plutus Lending, inappropriately pushed Abra Earn to customers when the product qualified as a security that should have been registered, the agency said Monday.
SEC’s Case Against Kraken Will Proceed to Trial, California Judge Rules
The U.S. Securities and Exchange Commission’s (SEC) lawsuit against Kraken will proceed to trial, a California judge ruled Friday.
‘My Living Nightmare’: Detained Binance Exec’s Wife Begs for His Immediate Release
The wife of Tigran Gambaryan, the American Binance employee detained in Nigeria, released a new video statement on Monday pleading for his immediate release from prison.
Hong Kong Regulator Finds ‘Unsatisfactory Practices’ at Some Crypto Entities Seeking Full License: Report
Hong Kong’s Securities and Futures Commission (SFC) has found “unsatisfactory practices” at “some” of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections, Bloomberg reported on Thursday citing people familiar with the situation.
Crypto Friendly RFK Jr. Drops White House Hunt, Will Lend Kennedy Name to Trump
Robert Kennedy Jr. has suspended his independent pursuit of the U.S. presidency and encouraged his supporters to instead back former President Donald Trump in battleground states, putting the weight of the Kennedy name behind the GOP candidate.
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26
Users of the Indian crypto exchange will be able to take out up to 66% of their rupee funds in two phases following a suspension instituted after last month’s $230 million dollar hack.
Australia’s Securities Regulator Wins Case Against Kraken’s Local Operator
The Federal Court of Australia ruled on Friday that cryptocurrency exchange Kraken’s operator in Australia, Bit Trade Pty Ltd, “contravened” with a section of the nation’s Corporations Act.